HS Code:
The category of 2-tert-Butylethylphenol; 6-tert-Butyl-2,4-xylenol; and Xylenols and their salts (HS Code: 290719) includes specific phenolic compounds used primarily as intermediates in the production of antioxidants, resins, and other chemical products. These compounds are critical in industries such as plastics, rubber, and pharmaceuticals due to their antioxidant properties and chemical stability. Xylenols are dimethylphenols, and their salts are often used in disinfectants and as precursors in chemical synthesis. Global trade in this category reflects demand in industrial and manufacturing sectors, with significant production and consumption in regions with strong chemical industries.
Total Trade Volume
USD 150 million
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
12% (imposed by certain developing countries to protect domestic industries)
Lowest Rate
0% (under free trade agreements such as USMCA and EU-Japan EPA)
Growing demand for antioxidants in plastics and rubber industries
Increased trade volume, particularly in Asia-Pacific regions, as manufacturing hubs expand
2021-2022
Shift towards sustainable chemical production
Rising interest in bio-based phenolic compounds, potentially affecting traditional xylenol markets
2022
Supply chain disruptions due to geopolitical tensions
Temporary price volatility and shifts in trade routes, with some countries seeking alternative suppliers
2022
The European Union introduced stricter regulations on the handling and import of phenolic compounds, including xylenols, to minimize environmental and health risks.
June 2023
Increased compliance costs for exporters to the EU, potentially reducing trade volume from non-compliant regions
Major chemical manufacturers in China announced investments in expanding production facilities for xylenols and related compounds to meet domestic and export demand.
March 2023
Likely to increase China's share in global trade, potentially lowering prices due to economies of scale
The United States imposed additional tariffs on specific chemical imports, including some phenolic compounds, as part of trade negotiations with certain countries.
January 2023
Shift in supply chains, with US importers seeking alternative sources from countries with favorable trade agreements